Wednesday, March 11, 2020

Wednesday Evening Links

[IBD] Dow Jones Futures Tumble As Trump Bans Travel From Europe; Coronavirus Stock Market Correction Is A Bear

[BBC] Trump suspends travel from Europe to US

[The Hour] Trump urged Mnuchin to pressure Fed's Powell on economic stimulus in explosive tirade about coronavirus

[Reuters] Wall Street tumbles, Dow confirms bear market

[CNBC] Fed boosts money it’s providing to banks in overnight repo lending to $175 billion

[Reuters] Treasuries - U.S. Treasury yields climb as market awaits stimulus guidance

[Yahoo/Bloomberg] Treasuries Yielding Next to Nothing Aren’t Hedge They Used to Be

[CNBC] Coronavirus live updates: Trump meets with Wall Street execs, US cities ban large gatherings

[CNBC] Boeing halts hiring, limits overtime as coronavirus poses ‘global economic disruption’, shares down 13%

[Reuters] Washington considers actions to bolster U.S. economy as coronavirus cases mount

[Reuters] U.S. eyes direct deposit to workers, tax delays, airline aid to counteract coronavirus

[Reuters] U.S. senator says Trump administration mulling use of oil reserve to help crude producers

[Reuters] World Health Organization describes coronavirus outbreak as pandemic

[CNBC] Washington state and San Francisco ban large gatherings to slow the coronavirus outbreak

[Reuters] Italian daily coronavirus deaths jump 31% to 827

[CJ] Boeing Plans Full Drawdown of $13.825 Billion Loan

[Reuters] Mnuchin says no need for intervention in markets due to coronavirus

[Reuters] Exclusive: U.S. SEC steps up scrutiny of private debt 'financial games'

[Reuters] Exclusive: Russia to OPEC: deeper oil cuts won't work

[Reuters] U.S. oil company workers made a big, bad retirement bet: their own stock

[Vox] The WHO just declared the coronavirus a pandemic. Here’s what that means.

[Bloomberg] Fed Pledges More Than $500 Billion to Keep Funding Markets Calm

[Bloomberg] Junk Investors Seen Pulling Cash, Setting Exit Record

[Bloomberg] Mnuchin Says Treasury May Forego Seasonal Cuts to Bill Issuance

[Bloomberg] $50 Trillion in Question After U.S. Treasury Liquidity Dries Up

[Bloomberg] Risky Munis Haven’t Fallen This Much Since Trump’s Election

[Bloomberg] Blackstone, Carlyle Urge Portfolio Companies to Tap Credit

[NYT] Coronavirus May Light Fuse on ‘Unexploded Bomb’ of Corporate Debt

[WSJ] Saudi Arabia’s Crown Prince Tanked Oil Markets. Here’s the Back Story.

[FT] Tett: A deadly disease, globalisation and me

Wednesday's News Links

[Reuters] Stocks wilt on growing doubts about U.S. virus response

[Reuters] Dollar resumes descent against safe-haven currencies in volatile trade

[Reuters] Oil falls $1 as price war escalates with Saudi plan for higher output capacity

[Reuters] Gold rises as concerns over U.S. stimulus dent risk appetite

[CNBC] Coronavirus live updates: Germany’s Merkel says most people will get COVID-19, Italy hikes outbreak spending

[Reuters] U.S. consumer prices unexpectedly rise in February

[Reuters] Fed faces headache, taps epidemiologists in hunt for policy clues

[Reuters] NY Fed accepts $132.38 bln at overnight repo operation

[Reuters] Britain fires with both barrels: emergency rate cut and budget boost

[Reuters] BOJ may pledge to ramp up ETF buying next week, sources say

[Reuters] Italian coronavirus deaths jump 36% to 631

[Reuters] South Korea reports jump in coronavirus cases

[Bloomberg] ECB’s Lagarde Warns of 2008-Style Crisis Unless Europe Acts

[Bloomberg] H2O Funds Hammered by Record Losses of Up to 30% in One Day

[Bloomberg] Over 100 Homebuilders Go Bust in China as Virus Strains Deepen

[Bloomberg] Beijing Sacrifices Bank Profits in Campaign to Save Economy

[Bloomberg] Trump’s Retweet of ‘China Virus’ Fuels Tensions With Beijing

[Bloomberg] JPMorgan Warns ‘Work From Home’ Risks Disrupting Funding Markets

[WSJ] Corporate-Bond Investors Shy Away From Risk

[WSJ] How China Slowed Coronavirus: Lockdowns, Surveillance, Enforcers

[WSJ] Ailing Chinese Bank Secures $1.7 Billion of New Capital

[FT] What will the Fed do next to ease coronavirus threat?